I'm hoping for NCAA this year as well, but I think NIT is more realistic.
As solid as Ejim and Niang will be, we don't have much depth in the big men. Also, we've got inexperienced guards and I don't think Matt Thomas will be as good as everyone else believes. I think he'll struggle to get open unless Fred changes his offense around and sets multiple screens for him. I remember some people comparing him to Hoiberg himself as a high schooler earlier this year, which was just ridiculous considering how athletic Hoiberg was and Thomas didn't seem to have any of that in the video highlights I watched.
Still, I think the NCAA Tournament is possible, and would love to eat my words come March, but the NIT (or worse) seems more likely to me at this point.
I'm sure you know what you're talking about from watching highlight videos of him. You don't get ranked a top 60 recruit if your coach has to change his offense just so you can get a shot off.

Onalaska's Matt Thomas, a freshman at Iowa State, had 19 points on 10 shots in intra-squad scrimmage Wednesday. Going to be really good.